• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Sunday, April 19, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

Federal High Court Orders CBN to Disclose Foreign Exchange Subsidy Information in Response to Request from HEDA

Elanza by Elanza
May 14, 2023
in News
0
Court Sentences Lecturer  Over Assault
0
SHARES
8
VIEWS
FacebookTwitterWhatsappEmailTelegram

By Abubakar Yunus, Abuja

THE Federal High Court in Abuja has ruled in favor of the Incorporated Trustees of Human and Environmental Development Agenda (HEDA Resource Centre) in a case against the Central Bank of Nigeria (CBN). The court’s decision, based on suit number FHC/ABJ/CS/1622/2020, comes after the CBN denied HEDA Resource Centre’s Freedom of Information (FoI) request.

RelatedPosts

Nwonyo 2026: Culture, Commerce, and Unity Collide in Taraba

Food Crisis: Expert Tells FG to Scale Up Organic Fertiliser, Moringa Production

Abacha Remains Misunderstood Patriot, Says Dantata

The leading Anti-corruption Organization, HEDA, had initially submitted a comprehensive FoI request to the CBN on November 14, 2020, seeking detailed information about the CBN’s schemes designed to sell the dollar at subsidized rates.

The request included specific details such as the disbursed amounts under each scheme, sector-wise breakdowns, and beneficiary information related to the forex intervention scheme. Unfortunately, the CBN did not respond to the FoI request, prompting HEDA Resource Centre to pursue legal action to challenge the CBN’s denial.

In response, the CBN filed a Notice of Preliminary Objection on November 3, 2021, but the court ultimately dismissed it. The CBN later submitted a counter-affidavit on February 2, 2022, denying possession of the requested information.

HEDA, through its lawyer Seidu Mohammed, countered with a further affidavit and a Reply Address on February 18, 2022, supported by 11 exhibits. These exhibits, obtained from the CBN’s website, included circulars illustrating the provision of concessional exchange rates for pilgrims’ Personal Travel Allowance (PTA).

Upon examination, the court deemed these exhibits as substantial evidence supporting HEDA Resource Centre’s claim that the CBN had indeed been providing foreign exchange subsidies. As a result, the court held the CBN responsible for producing reports regarding the extent of its involvement in these schemes, including information from banks regarding the beneficiaries.

ALSO READ:  I Would’ve Left Nigeria If Tinubu Hadn’t Sent Gbajabiamila – Bode George

In its judgment, the court emphasized the vital role of public access to information and records in ensuring accountability, transparency, citizen participation, and good governance within a democracy.

The Freedom of Information (FoI) Act was established precisely to promote transparency and combat corruption. The court unequivocally asserted that all institutions and government agencies must comply with the provisions of the Act in the interest of justice, transparency, and national development.

Consequently, the court has issued a compelling order to the CBN, a public institution, to disclose the information requested by HEDA in their FoI request. The court deemed the CBN’s failure to provide the information as unlawful, resulting in an order of Mandamus to release the requested information outlined in HEDA’s FoI request dated October 14, 2020.

Previous Post

Group Urges Nigerians To Take Ownership Of Fight Against Corruption

Next Post

Boxing: Tyson Fury Hopes Anthony Joshua Knocks Out Wilder

Elanza

Elanza

Related Posts

Nwonyo 2026: Culture, Commerce, and Unity Collide in Taraba

Nwonyo 2026: Culture, Commerce, and Unity Collide in Taraba

by Nathaniel Irobi
April 19, 2026
0

The ancient fishing community of Ibi witnessed a historic convergence of culture, diplomacy, and enterprise as the 2026 Nwonyo International...

Food Crisis: Expert Tells FG to Scale Up Organic Fertiliser, Moringa Production

Food Crisis: Expert Tells FG to Scale Up Organic Fertiliser, Moringa Production

by Nathaniel Irobi
April 19, 2026
0

Dr. Ashimashiga Michael Akoloaga, founder and chairman of Eden Moringa Productions and Marketers Limited, has called on the Federal Government...

Abacha Remains Misunderstood Patriot, Says Dantata

Abacha Remains Misunderstood Patriot, Says Dantata

by Elanza
April 19, 2026
0

A media aide, Salihu Dantata Mahmud, has defended the legacy of late Head of State, Sani Abacha, describing him as...

Next Post
Boxing: Tyson Fury Hopes Anthony Joshua Knocks Out Wilder

Boxing: Tyson Fury Hopes Anthony Joshua Knocks Out Wilder

Breaking: IGP Orders Arrest Of Seun Kuti For Beating Up A Policeman

Group Wants Kuti Prosecuted For Assaulting Police Officer

Recommended

IPAC To Sanwo-Olu: Respect Opposition Parties

IPAC To Sanwo-Olu: Respect Opposition Parties

6 days ago
Malami, Son to Face Terrorism Trial May 26

Malami, Son to Face Terrorism Trial May 26

4 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Urban Smart Farming Initiative Targets 10 Million Yams for Nigeria

    0 shares
    Share 0 Tweet 0
  • Arewa youths demand immortalisation of late Sharia court registrar Musa

    0 shares
    Share 0 Tweet 0
  • BREAKING: ICPC Rearrests El-Rufai, Returns Him to Custody

    0 shares
    Share 0 Tweet 0
  • Speaker Abbas’ Aide, Gaiya, Defects to ADC, Declares Kaduna-South Senate Ambition

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (828)
  • Education (270)
  • Entertainment (358)
  • Health (244)
  • National (3,261)
  • News (10,114)
  • Opinion (426)
  • Politics (2,063)
  • Science (15)
  • Security (419)
  • Sports (681)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform